Multiple Choice
Table 3-7
Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate.
-Refer to Table 3-7. Assume that Japan and Korea each has 2400 hours available. Originally, each country divided its time equally between the production of cars and airplanes. Now, each country spends all its time producing the good in which it has a comparative advantage. As a result, the total output of cars increased by
A) 16.
B) 40.
C) 64.
D) 80.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: By definition,exports are<br>A)limits placed on the quantity
Q46: It takes Ross 6 hours to produce
Q72: Kelly and David are both capable of
Q97: Table 3-2<br>Assume that Aruba and Iceland can
Q188: Table 3-3<br>Assume that Zimbabwe and Portugal can
Q229: Figure 3-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg" alt="Figure 3-5
Q288: Figure 3-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg" alt="Figure 3-3
Q375: Figure 3-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg" alt="Figure 3-7
Q408: Figure 3-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg" alt="Figure 3-5
Q515: Economists generally support<br>A)trade restrictions.<br>B)government management of trade.<br>C)export